Mine cPen Network: A Cutting-edge Web3 Social Media Platform

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 open Network Cutting-edge web3 social media platform Reduce the carbon footprint Explore the crypto future with the cPen mobile app at your fingertips. cPen Network mobile mining app launched on 4th October 2023, with a mission to empower people across the globe by connecting them with a new digital currency, revolutionizing the way they access information. cPen claims to be similar to Pi Network at the beginning of the project but will build great web3 social media with many surprises coming. Join cPen Network now! How to Mine cPen Network?  The cPen Network app is available for download on the Apple App Store, Google Play Store, or by directly downloading the Android app package. Download from: Apple Store -  https://apps.apple.com/us/app/cpen-network/id6467820763 Invitation Code: Enat Google Play -  https://play.google.com/store/apps/details?id=io.cpen.mobile Invitation Code: Enat Accumulate enough cPen Network and with for the surprise Android -  https://...
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Breaking: CoreDAO launches Non-custodial Bitcoin Staking (coreBTC)

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Core

 In 3 days countdown to 2024 Bitcoin halving, CoreDAO developers launched Non-custodial BTC staking on Core Chain!

For the first time ever, Bitcoin holders can earn yield on their BTC directly within the Bitcoin Network, without needing to move, or hand over custody of their coins.

Non-custodial: BTC holders hold their BTC in their wallet

BTC Staking: BTC holders earn with their BTC without giving up custody of their BTC, holders can lock up/stake their BTC on the Bitcoin Network to participate in Core Chain's security and earn CORE coin rewards using coreBTC.

What is coreBTC?

coreBTC is a native wrapped Bitcoin on the Core Chain, maintaining a 1:1 peg with BTC through a secured and trustless mechanism. It allows Bitcoin users to interact seamlessly with the DeFi space on the EVM-Compatible Core Chain using their BTC assets, expanding Bitcoins's functionality within the DeFi landscape without compromising inherent security.

Unlike the regular centralized wrapped tokens like WBTC which rely on a custodian to hold the underlying Bitcoin, coreBTC operates through a decentralized infrastructure. It involves permissionless participants such as lockers, Guardians, and Liquidators, ensuring enhanced security and integrity without relying on central custodians. This structure aligns with the decentralized ethos of blockchain, mitigating entities.

How is the safety of BTC on the Core Chain?

The security of the holder's BTC in the coreBTC system is assured by over-collateralization required from Lockers and the continuous monitoring by Guardians and Liquidators. This structure ensures that the locked BTC is always backed by sufficient collateral on the Core Chain, safeguarding against mismanagement or value drops. The decentralized nature of this ecosystem also contributes to its reliability and security.

Also, Core Chain protocol and coreBTC's security have been thoroughly audited by Halborn, a SOC2 Type 1 compliant firm renowned for its smart contract security expertise and trusted by leading Blockchain platforms like Ava Labs, Solana, and Polygon, as well as DeFi projects like Sushiswap. As stated in the coreBTC FAQs.
Find out more about coreBTC here.

The launch adds to BTC's utility and strengthens Core Chain's security and Bitcoin alignment, according to the Coredao X handle.

About Core Blockchain

Core Chain is a new layer 1 blockchain built on the Satoshi Plus Consensus Algorithm consisting of a combination of Bitcoin's security and Ethereum's scalability by an anonymous group of blockchain developers named CoreDAO. 

The CoreDAO's mission is to build the strongest and most inclusive community on the web 3. 



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